Dubai’s Mara Group Raises $100m To Compete with Jumia And Konga

Dubai-based Mara Group is launching an Africa-wide wide online marketplace which if goes out as planned will be competing with Jumia and Konga for Nigeria’s online market.

The group hopes to take over the online marketplace in Africa within the next four years.

According to Ashish Thakkar, founder of Mara Group and executive chairman of the new venture which is called Mara Sokoni as “a marketplace for global brands to plug into to sell locally in Africa, and for local brands to sell nationally, regionally and globally.”

The platform which is scheduled to launch in 10 countries including Nigeria and Kenya will kickstart early 2016.

Thakkar who was in New York with Christian Unger, CEO of Mara Sokoni to raise capital for the venture said, the group has self-funded the development to this point but its now looking for $100 million investment to fund the initial roll-out.

Nigeria Bulletin

Share this article:
  •  
  •  
  •  
  •  
  •  
  •  
join our mailing list

Do you want more articles like this delivered to your inbox?

Join our mailing list to receive the latest news and articles.

PS: Your email WILL NOT BE SPAMMED. See our Privavcy Policy for detail.

Thank you for subscribing. You are now part of our mailing list.

Show/Hide Comments

0 thoughts on “Dubai’s Mara Group Raises $100m To Compete with Jumia And Konga

Leave a Comment

join our mailing list

JOIN OUR MAILING LIST

Get all the latest and most popular news, tips, articles and information from our website delivered straight into your inbox.

Thank you for subscribing to our mailing list. You will now start recieving our periodic newsletter.

Powered byRapidology